Veteran Relocation

“First of all, thank you for your service!”

As an Air Force Veteran myself and REALTOR®, I understand the wave of emotions associated with buying and selling a home. My goal is to confidently walk with my clients through the process my educating as assisting them along the way to reduce the amount of stress they feel. It would be my honor to serve you. Additionally, I hold my “Military Relocation Professional” designation.

 
If you’ve served in the Army, Navy, Air Force, Marines, Coast Guard, Public Health Service Corps, or National Oceanic and Atmosphere Administration (NOAA) Corps, you may have earned VA loan benefits.

You may be eligible if you:

  • Served 2 years Regular Service
  • Served 6 years Reserves/National Guard
  • Served 90 days Active Duty during war-time
  • Served 181 days Active Duty during peacetime
  • Released early for duty-related disability
  • Are a surviving spouse of a Veteran (see Question 5)
  • Are a cadet or midshipmen of a U.S. military academy
  • Are a member of certain other Federal service organizations

The best way to determine whether you’ve earned the VA loan benefit is through a Certificate of Eligibility (COE). You can request the document from the VA online or through the mail. Also, in most cases, a VA-approved lender can obtain a borrower’s COE within minutes upon request.

 
According to figures from the VA, most eligible Veterans who apply for VA loans get approved—72% in 2018 to be exact. As with any mortgage, there’s a process involved in obtaining a VA loan. That process consists of six steps:

Six Steps to a VA Loan

  1. Choose a lender
  2. Obtain a Certificate of Eligibility
  3. Pre-qualify (optional)
  4. House hunt/sign purchase contract
  5. Lender orders appraisal/finish loan application
  6. Close and move in

One of the key questions in people’s minds is, “Do I qualify?” Lenders determine whether a borrower is qualified based on a combination of factors, including credit score, income and debt-to-income (DTI) ratio. A credit score in the “fair” range may be good enough to start the process, as long as a borrower meets other specifications. In addition to meeting the lender’s credit score requirement, a borrower must show a stable and ample source of income. The VA’s acceptable debt to income (DTI) ratio is 41 percent. However, if you exceed that figure, underwriters have some leeway to approve your application if you have certain compensating factors.

 
The VA-backed home loan limit refers to the amount the VA will guarantee (the maximum amount the VA will pay to your lender if you default on your loan). We don’t limit how much you can borrow to finance a home.”

Work With Brandon

Brandon is very humbled and grateful for all his buyers and sellers, and nearly all my business comes from those who have been referred to him, and he looks forward to working with you as well.

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Contact Details

BRANDON PATTERSON

Phone

(404) 824-5151

Email

[email protected]

ATLANTA FINE HOMES SOTHEBY'S INTERNATIONAL REALTY

Phone

(770) 237-5000

Address

3290 Northside Parkway NW., #200 Atlanta, GA 30327

 

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